this effect is more pronounced in countries where institutions are more effective in protecting intellectual property rights (IPRs) and in which bureaucracy is more efficient, which indirectly facilitates the adoption of modern technologies. One of the most important roles in the process of transfer of modern technology is that of IPRs and it is, therefore, necessary to examine whether there is a need for limiting the system of protection of IPRs where such restrictions may stimulate or enhance the process of international transfer of modern technology.